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00:03CrowdStrike shares fell more than 7% Tuesday as software stocks pulled back amid rising
00:08Treasury yields and climbing oil prices, according to Benzinga. The 10-year Treasury
00:13yield rose to 4.80% Tuesday, its highest since January 2025, while the 30-year reached 5.25%.
00:22Brent crude rose more than 4%, and WTI gained nearly 3% after Iran's president said Tehran
00:29would reciprocate if Washington returned to the temporary agreement signed in June.
00:34CrowdStrike shares pulled back after a sharp post-earnings rally after the second quarter
00:38report, which CEO George Kurtz called the best in the company's history. The cybersecurity
00:44company reported adjusted earnings of $0.31 per share and revenue of $1.47 billion, topping
00:51Wall Street estimates of $0.29 and $1.44 billion. Truist Securities, Argus Research and Wells Fargo,
00:59raised their CrowdStrike price targets following earnings. The recent pullback may reflect profit
01:04taking after the post-earnings rally rather than weakening Wall Street sentiment.
01:08Shares were down 7.32% at $2.480 on 10 on Tuesday, according to Benzinga Pro.
01:14For all things money, visit Benzinga.com.
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